Red River Theatres Inc
Red River Theatres Inc. shows fluctuating annual performance with strong assets but recent increase in liabilities.
EIN: 20521681 · Concord, NH · NTEE: A31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $960K |
| Total Expenses | $911K |
| Program Spending | 80% |
| Net Assets | $931K |
| Transparency Score | 75/100 |
Is Red River Theatres Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Red River Theatres Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Red River Theatres Inc
Red River Theatres Inc (EIN: 20521681) is a nonprofit organization based in Concord, NH, classified under NTEE code A31. The organization reported total revenue of $960K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Red River Theatres Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Red River Theatres Inc is a small nonprofit that has been operating for 25 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $681K |
| Total Expenses | $911K |
| Surplus / Deficit | $-230,259 |
| Total Assets | $1.7M |
| Total Liabilities | $759K |
| Net Assets | $931K |
| Operating Margin | -33.8% |
| Debt-to-Asset Ratio | 44.9% |
| Months of Reserves | 22.3 months |
Financial Health Grade: B
In 2023, Red River Theatres Inc reported a deficit of $230K with expenses exceeding revenue, holds 22.3 months of operating reserves (strong position), has a debt-to-asset ratio of 44.9% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Red River Theatres Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -30.5% | +28.8% | +22.5% |
| 2022 | +80.7% | +39.2% | +20.6% |
| 2021 | -37.6% | -49.2% | -1.0% |
| 2020 | -16.8% | -7.1% | -14.2% |
| 2019 | -1.5% | +1.0% | -7.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Red River Theatres Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Red River Theatres Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $230K, with expenses exceeding revenue.
- Debt-to-asset ratio: 44.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through mechanisms not classified as officer compensation, which is a positive indicator for donor trust and efficient use of funds relative to the organization's size and revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Red River Theatres Inc's IRS 990 filings:
- Significant increase in liabilities from $218,339 in 2022 to $758,856 in 2023.
- Expenses ($911,490) exceeded revenue ($681,231) in 2023, indicating an operating deficit.
- Inconsistent annual operating results, with deficits in 2023, 2020, 2019, 2018, and 2017.
Strengths
The following positive indicators were identified for Red River Theatres Inc:
- Consistent reporting of 0% officer compensation, indicating strong transparency and potentially volunteer leadership.
- Maintains substantial assets, consistently over $1 million, reaching $1,690,354 in 2023.
- Demonstrated ability to recover from deficit years, as seen by the strong revenue and positive operating margin in 2022.
Frequently Asked Questions about Red River Theatres Inc
Is Red River Theatres Inc a legitimate charity?
Red River Theatres Inc (EIN: 20521681) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $960K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Red River Theatres Inc spend its money?
Red River Theatres Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Red River Theatres Inc tax-deductible?
Red River Theatres Inc is registered as a tax-exempt nonprofit (EIN: 20521681). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Red River Theatres Inc's spending goes to programs?
Red River Theatres Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Red River Theatres Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Red River Theatres Inc is above average for NTEE category A31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Red River Theatres Inc located?
Red River Theatres Inc is headquartered in Concord, New Hampshire and files with the IRS under EIN 20521681. It is classified under NTEE code A31.
How many years of IRS 990 filings does Red River Theatres Inc have?
Red River Theatres Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $960K in total revenue.
Why did liabilities increase significantly to $758,856 in 2023 from $218,339 in 2022?
The provided data does not specify the nature of the increased liabilities. This significant jump warrants further investigation into the organization's financial statements to understand if it's due to new debt, deferred revenue, or other obligations.
How does Red River Theatres Inc. manage to maintain substantial assets despite periods of operational deficits?
The organization likely has accumulated reserves from prior profitable years or has received significant capital contributions or grants that bolster its asset base, allowing it to absorb operational deficits in certain periods without immediately depleting its overall financial strength.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of these expense categories. A full IRS Form 990 would be needed to ascertain the exact percentages allocated to programs, administration, and fundraising.
Filing History
IRS 990 filing history for Red River Theatres Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Red River Theatres Inc's revenue has declined by 6%, moving from $725K to $681K. Total assets increased by 5.1% over the same period, from $1.6M to $1.7M. Total functional expenses rose by 6.1%, from $859K to $911K. In its most recent filing year (2023), Red River Theatres Inc reported a deficit of $230K, with expenses exceeding revenue. The organization holds $759K in liabilities against $1.7M in assets (debt-to-asset ratio: 44.9%), resulting in net assets of $931K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $681K | $911K | $1.7M | $759K | — | — |
| 2022 | $980K | $708K | $1.4M | $218K | — | View 990 |
| 2021 | $542K | $508K | $1.1M | $255K | — | View 990 |
| 2020 | $869K | $1.0M | $1.2M | $300K | — | View 990 |
| 2019 | $1.0M | $1.1M | $1.3M | $359K | — | View 990 |
| 2018 | $1.1M | $1.1M | $1.5M | $438K | — | View 990 |
| 2017 | $979K | $993K | $1.5M | $435K | — | View 990 |
| 2016 | $991K | $974K | $1.4M | $354K | — | View 990 |
| 2015 | $562K | $540K | $1.4M | $391K | — | View 990 |
| 2014 | $1.0M | $1.0M | $1.4M | $441K | — | View 990 |
| 2013 | $994K | $986K | $1.4M | $450K | — | View 990 |
| 2012 | $1.0M | $1.1M | $1.5M | $488K | — | View 990 |
| 2011 | $1.1M | $1.0M | $1.6M | $508K | — | View 990 |
| 2010 | $725K | $859K | $1.6M | $601K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $681K, expenses of $911K, and assets of $1.7M (revenue -30.5% year-over-year).
- 2022: Revenue of $980K, expenses of $708K, and assets of $1.4M (revenue +80.7% year-over-year).
- 2021: Revenue of $542K, expenses of $508K, and assets of $1.1M (revenue -37.6% year-over-year).
- 2020: Revenue of $869K, expenses of $1.0M, and assets of $1.2M (revenue -16.8% year-over-year).
- 2019: Revenue of $1.0M, expenses of $1.1M, and assets of $1.3M (revenue -1.5% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.1M, and assets of $1.5M (revenue +8.2% year-over-year).
- 2017: Revenue of $979K, expenses of $993K, and assets of $1.5M (revenue -1.2% year-over-year).
- 2016: Revenue of $991K, expenses of $974K, and assets of $1.4M (revenue +76.4% year-over-year).
- 2015: Revenue of $562K, expenses of $540K, and assets of $1.4M (revenue -45.9% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.0M, and assets of $1.4M (revenue +4.4% year-over-year).
- 2013: Revenue of $994K, expenses of $986K, and assets of $1.4M (revenue -0.7% year-over-year).
- 2012: Revenue of $1.0M, expenses of $1.1M, and assets of $1.5M (revenue -8.8% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.0M, and assets of $1.6M (revenue +51.3% year-over-year).
- 2010: Revenue of $725K, expenses of $859K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Red River Theatres Inc:
Data Sources and Methodology
This transparency report for Red River Theatres Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.